stLouISTAttorney General Raoul Urges Student Loan Borrowers To Be Wary Of Scammers
CHICAGO – Following the U.S. Supreme Court’s decision striking down the federal government’s student loan debt forgiveness plan, Attorney General Kwame Raoul is urging student loan borrowers preparing for the return to repayment to be aware of scam calls, emails and letters from fraudsters pretending to be loan servicers or promising debt relief. The court’s decision ends the repayment pause, which means federal student loans begin accruing interest Sept. 1, and payments resume in October. Loan servicers will send consumers a notice of payment at least 21 days before their payment is due. Many borrowers may face confusion following today’s Supreme Court decision striking down the federal government’s student debt relief plan to forgive $10,000, or $20,000 for Pell Grant recipients, of eligible student loan borrowers’ federal loan student debt. Attorney General Raoul encourages borrowers who have questions about their student loan repayments,
